The Chancellor’s speech started with the usual collection of numbers and statistics. In truth, the news on
the UK economy is mixed. The Swiss Bank UBS has just raised its forecast for UK growth in 2018 from 0.7%
to 1.1% and all three sectors of the UK economy – manufacturing, services and construction – reported
encouraging figures in October. But for most people, the fact is that wages continue to lag behind inflation,
which the Bank of England believes will stay high for some time to come. With Christmas coming, the British
electorate doesn’t want fiscal facts and figures from the Chancellor, it wants a feelgood factor.
Read our November 2017 Budget update to find out more about what the implications of the November budget mean for you